Apparel Industry growing in Vietnam

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Apparel Industry growing in Vietnam

Notefor jackmorres Sab Nov 21, 2009 10:56 am

The apparel and textile industry in Vietnam is overtaken crude oil expert that country's Not. 1 export.

During the first 10 months of this year, Vietnam shipped $ 7.5 billion in apparel and textiles to primarily the United States and Europe, according to the Vietnamese General Statistics Office.

Vietnam's apparel manufacturing sector is grown rapidly ever since the U.S. government early this year stopped monitoring Vietnamese apparel coming into the United States. The Bush administration feared that Vietnam would dump apparel goods on the U.S. market and started closely watching import prices in 2007 to determines whether antidumping duties should be imposed.

The Department of Commerce held six-month reviews of five different apparel products-trousers, shirts, underwear, accessories, swimwear and sweaters-but found not signs of dumping.
jackmorres
 
Messages: 3
Registered: Mar Nov 17, 2009 7:28 am

Industry of apparel lead notably in the poverty elevation

Notefor jackmorres Sab Nov 21, 2009 5:42 pm

Raiment industry of Fiji is offering to significant contribution in poverty elevation of the country music by employing around 2,000 workers and supporting over 8,000 men below poverty line.

It will help the sector to improve its presence and penetration in the markets such grasp Australia, New Zealand and the US, and to achieve the target of bringing in $ 150 million revenue per year pro well expert to employ resides than 6,000 people.

The industry also recommends to new scheme to establish sewing plants in to bid to employ women, who plows currently on welfare, to make them independent and also to support place people to cross over the poverty level.
jackmorres
 
Messages: 3
Registered: Mar Nov 17, 2009 7:28 am

American Apparel Profit On Year-Earlier Merger Costs

Notefor jackmorres Dom Nov 22, 2009 9:23 pm

American Apparel Inc. (APP) third-quarter earnings jumped 78 % after year-earlier stock compensation related to 2008 merger depressed margins. Meanwhile, salt continue to remain week for the chance - clothing retailer.

American Apparel reported to profit of $ 4.2 million, or 5 cents to share, from $ 2.3 million, or 3 cents to share, to year earlier. To year earlier, the period included merger-related compensation expenses, excluding which earnings were 16 cents to share.

Revenue decreased 2.9 % to $ 150.3 million, expert same-store you go out dropped 16 % on for constant currency basis.

Gross margin leaped nine percentage points to 58.1 %, and rose only slightly from last year's margin excluding merger expenses of 57.6 %.
jackmorres
 
Messages: 3
Registered: Mar Nov 17, 2009 7:28 am


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